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Magazine ranks the state 22nd for business climate

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A magazine for executive decision-makers has ranked New Mexico in the top half of the nation for its business climate.

New Mexico came in at 22nd in the national business climate and 17th in the executive survey rank, according to Site Selection Magazine’s Top State Business Climate Rankings, Gov. Susana Martinez announced Friday.

A primary component of the ranking is based on a survey of corporate site-selection professionals.

Martinez stated in a press release that business leaders are recognizing state efforts to cut taxes, reduce regulations and increase business incentives.

The state rankings follow a recent U.S. Department of Commerce announcement that New Mexico had the third-fastest growing economy in the nation for the first quarter of 2017.

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Major corporations in New Mexico include Facebook, FedEx, Safelite Autoglass, Raytheon, RSI and Keter Plastic. Homegrown New Mexico companies that are growing include Skorpios, Descartes Labs, Risksense and many others.

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